Intel ended Wednesday as the worst stock on the Dow Average again as analysts appeared disappointed a major customer for its third-party foundry was not named.
Intel Corp. stock ended Wednesday as the worst performer in the Dow Jones Industrial Average for a second day in a row as analysts appeared disappointed that the chip maker did not name a major customer for its fledgling third-party foundry business as hoped.
Intel operates its own foundries — or fabs, those high-tech plants that create the silicon wafers onto which transistors are etched to make microchips — unlike other chip makers that are “fabless,” like Nvidia Corp. NVDA , Advanced Micro Devices Inc. AMD , Qualcomm Inc. QCOM , and Apple Inc. AAPL , which use third-party fabs like TSMC for their chips.Evercore ISI analyst C.J.
Read from Tuesday: Intel stock drops as foundry capacity buildout plans have one analyst predicting a company split
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